Sony boss Kazuo Hirai says sorry but rules out selling entertainment arm June 19, 2014 Sony had no intention of spinning off its more successful entertainment division, chief executive Kazuo Hirai told shareholders at its annual meeting yesterday. Hirai apologised to investors for not meeting shareholder expectations and said he would plough on with restructuring efforts in a bid to return the Japanese electronics firm to profit. The firm forecast [...]
Sony boss won’t spin off entertainment division June 19, 2014 Sony will not spin off its more successful entertainment division chief exec Kazuo Hiarai told shareholders at its annual meeting yesterday. Hirai apologised to investors for not meeting shareholder expectations and said he would plow on with restructuring efforts in a bid to return the company to profit. The electronic company forecast another year of losses, [...]
Sony overtakes Nintendo in hardware sales June 9, 2014 SONY has overtaken Nintendo in the number of video games consoles sold last year for the first time since 2005. Nintendo sold 16.3m consoles during the year ending March, down 31 per cent year-on-year, while Sony – buoyed by the launch of its fast-selling PlayStation 4 – sold 18.7m consoles during the year, down 20 [...]
Sony will set up joint venture to sell PS4 in China May 27, 2014 SONY, the Japanese technology giant, has signed a partnership to begin manufacturing and selling its PlayStation 4 console in mainland China. The joint venture with Shanghai-listed Shanghai Oriental Pearl was announced in a stock exchange filing by the state-controlled Chinese media company yesterday. The joint ventures, which will be located in Shanghai’s free trade zone, [...]
Sony soaring on a windfall October 28, 2005 Sony reported a better-than-expected rise in second-quarter profits due to a pensions windfall that offset falling prices in electronic products and high restructuring charges. The electronics giant announced a 52 per cent rise in operating profits to Y65.9bn (£320m) for the three months to 30 September, although sales remained the same as last year at [...]